Activeoffice Limited - Period Ending 2019-08-31

Activeoffice Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 August 2019

Registration number: 02693144

Activeoffice Limited

Balance Sheet

31 August 2019

	Note	2019 £	2018 £
Current assets
Debtors	3	2,182,739	2,182,739
Cash at bank and in hand		74	74
		2,182,813	2,182,813
Creditors: Amounts falling due within one year	5	(4,000)	(4,000)
Net assets		2,178,813	2,178,813
Capital and reserves
Called up share capital		3	3
Profit and loss account		2,178,810	2,178,810
Total equity		2,178,813	2,178,813

For the financial year ending 31 August 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 20 January 2020 and signed on its behalf by:

......................................... L M Froggatt Company secretary and director

Company Registration Number: 02693144

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Activeoffice Limited

Notes to the Financial Statements

Year Ended 31 August 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire
SP3 4UF

These financial statements were authorised for issue by the Board on 20 January 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

This company is dormant and has taken advantage of the option under FRS 102 not to adopt the provisions of that standard for as long as the company remains dormant.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 2

Activeoffice Limited

Notes to the Financial Statements

Year Ended 31 August 2019

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 
 

Page 3

Activeoffice Limited

Notes to the Financial Statements

Year Ended 31 August 2019

3

Debtors

	2019 £	2018 £
Amounts owed by related parties	2,182,736	2,182,736
Other debtors	3	3
	2,182,739	2,182,739

4	Cash and cash equivalents

	2019 £	2018 £
Cash at bank	74	74

5

Creditors

	2019 £	2018 £
Due within one year
Amounts due to group undertakings	4,000	4,000

Page 4